If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 526.80
Bid: 526.20
Ask: 527.20
Change: 1.80 (0.34%)
Spread: 1.00 (0.19%)
Open: 525.00
High: 527.60
Low: 523.80
Prev. Close: 525.00
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE: easyJet founder's stake reduces as he shuns rights issue

Tue, 28th Sep 2021 14:53

(Alliance News) - easyJet PLC on Tuesday said its founder Stelios Haji-Ioannou's stake in the budget airline has been reduced to 15% from 25% after the dilution of the rights issue.

The 15% stake is hold by easyGroup Holdings Ltd - a holding vehicle for Stelios Haji-Ioannou and Clelia Haji-Ioannou - and Polys Holdings Ltd, which is a holding vehicle for Polys Haji-Ioannou.

The family of founder Stelios Haji-Ioannou has decided not to participate in the budget airline's rights issue after repeatedly saying that it has no plans to plough more money into easyJet while the airline sticks to a deal with Airbus SE to buy more planes.

Earlier on Tuesday easyJet said its rights issue closed for acceptances after receiving support from the 93% of shareholders, saying the fresh cash will "accelerate its post-Covid 19 recovery plan".

The rights offer, which saw shareholders offered 31 new shares for every 47 existing shares already owned, was announced on September 9. The rights issue was priced at 410 pence per share.

The company on Tuesday said it has received valid acceptances for 280.2 million new shares out of 301.3 million shares offered.

The GBP1.24 billion rights issue was fully underwritten, so the remaining shares will be placed by bankers BNP Paribas SA, Credit Suisse Group AG, Goldman Sach Group Inc, Banco Santander SA and Societe Generale SA.

easyJet shares were trading 2.3% lower in London on Tuesday at 692.80p each, giving it a market capitalisation of GBP5.20 billion. The stock is down 1.0% so far in 2021.

The FTSE 250-listed carrier turned to the cash raise as it looked to bolster its "long-term positioning" in the European airline market.

"The success of this capital raise, thanks to great support from investors, will enable easyJet to strengthen its balance sheet and accelerate its post-Covid 19 recovery plan," said Chief Executive Johan Lundgren.

"Importantly, it will position us to take advantage of strategic investment opportunities across our markets which will arise as we move into this period of recovery from the pandemic," added Lundgren.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
5 Sep 2023 12:44

Director dealings: Wetherspoon chair, easyJet director make purchases

(Sharecast News) - On the list of director purchases on Tuesday was pub chain JD Wetherspoon, after its outspoken chairman picked up almost a million shares.

Read more
5 Sep 2023 11:49

Airbus, easyJet, Rolls-Royce join forces in UK on hydrogen-powered flying

LONDON, Sept 5 (Reuters) - Airbus, easyJet and Rolls-Royce have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation.

Read more
30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

Read more
30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

Read more
30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

Read more
29 Aug 2023 21:16

UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
29 Aug 2023 09:03

LONDON MARKET OPEN: FTSE 100 catches up with bank holiday rally

(Alliance News) - Stock prices in London opened higher on Tuesday, as UK markets return from a long bank holiday weekend and news that UK shop price inflation decelerated in August.

Read more
18 Aug 2023 11:18

Temple Bar laments "miserly" UK valuations but promises long-term wins

(Alliance News) - Temple Bar Investment Trust PLC on Friday said its net asset value saw a moderate half-year increase, and that its "fundamentally sound" portfolio will eventually bear fruit despite the tough backdrop.

Read more
14 Aug 2023 18:06

Mount Etna eruption closes Sicily's troubled Catania airport

CATANIA, Sicily, Aug 14 (Reuters) - Flights serving the eastern Sicilian city of Catania were halted on Monday after an eruption from nearby Mount Etna, local authorities said, bringing fresh travel woe to the crisis-plagued Italian airport.

Read more
10 Aug 2023 12:00

Italy's cap on island airfares ignites feud with Ryanair

ROME, Aug 10 (Reuters) - A decision by the Italian government to cap airfares to the islands of Sicily and Sardinia has prompted a dispute with airlines and been branded illegal by Ryanair, in a fresh sign of friction between Rome and big business.

Read more
7 Aug 2023 14:40

Airlines take aim at Italy's plans to bring down sky-high prices

ROME, Aug 7 (Reuters) - A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules.

Read more
4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

Read more
3 Aug 2023 15:48

Spain to probe budget airlines over hand luggage fees

MADRID, Aug 3 (Reuters) - Spain's Ministry of Consumer Affairs said on Thursday it had opened an investigation into low-cost airlines over hand luggage and other fees, which result in the price most consumers pay being higher than the one that was initially advertised.

Read more
27 Jul 2023 10:50

Director dealings: EasyJet non-exec invests, AO World CFO sells incentive shares

(Sharecast News) - EasyJet was on the list of director buys on Thursday, after it disclosed a purchase made by a non-executive director for more than 5,000 shares.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.